Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
MERCANTILE BANK CORP (MBWM) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores MBWM at 54.6/100 on a 32-signal composite quality model, placing it at rank #1,315 of 2,962 stocks — the top half of the AI-ranked universe. MBWM scores in the top quartile across profitability (94.3), free cash flow (81.2). Areas of concern include earnings quality (23.1) and revenue scale (27.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 47.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MERCANTILE BANK CORP reports quarterly revenue of $68.8M, net income of $25.9M, an operating margin of 45.4%. Top institutional holders of MBWM by reported 13-F value include BlackRock, WELLINGTON MANAGEMENT GROUP LLP, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MBWM trades on the Nasdaq exchange and files with the SEC under CIK 1042729. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MBWM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCANTILE BANK CORP directly from SEC EDGAR.
AI Quality Score
54.6/100
AI Rank
#1,315
Revenue
$68.8M
Net Income
$25.9M
Operating Margin
45.4%
| Period | Form | Revenue | Net income | Operating margin |
|---|---|---|---|---|
| FY 2025 | 10-K | $242.7M | $88.8M | 42.6% |
| FY 2024 | 10-K | $231.5M | $79.6M | 42.5% |
| FY 2023 | 10-K | $225.7M | $82.2M | 45.5% |
| FY 2022 | 10-K | $190.3M | $61.1M | 39.8% |
| FY 2021 | 10-K | $180.3M | $59.0M | 40.9% |
| FY 2020 | 10-K | $167.4M | $44.1M | 32.8% |
| Institution | Shares | Value | Reported |
|---|---|---|---|
| BlackRock | 1,534,392 | $88.1M | 2026-06-30 |
| WELLINGTON MANAGEMENT GROUP LLP | 1,087,998 | $62.5M | 2026-06-30 |
| DIMENSIONAL FUND ADVISORS | 1,046,841 | $60.1M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT | 735,613 | $42.2M | 2026-06-30 |
| AMERICAN CENTURY COMPANIES | 625,015 | $35.9M | 2026-06-30 |
| STATE STREET | 598,641 | $34.4M | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT | 466,410 | $26.8M | 2026-06-30 |
| RENAISSANCE TECHNOLOGIES | 446,613 | $25.6M | 2026-06-30 |
| NORTH STAR ASSET MANAGEMENT | 377,427 | $21.7M | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT | 290,093 | $16.7M | 2026-06-30 |
13F Pro Quality Score
Rank #1,315 of 2,962 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
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